On January 1, 2016, Alpha acquired 80 percent of Delta. Of Delta's total business fair value, $222,000 was allocated to copyrights with a 20-year remaining life. Subsequently, on January 1, 2017, Delta obtained 70 percent of Omega's outstanding voting shares. In this second acquisition, $155,400 of Omega's total business fair value was assigned to copyrights that had a remaining life of 12 years. Delta's book value was $540,000 on January 1, 2016 and Omega reported a book value of $155,500 on January 1, 2017.

Delta has made numerous inventory transfers to Alpha since the business combination was formed. Intra-entity gross profits of $21,900 were present in Alpha's inventory as of January 1, 2018. During the year, $232,000 in additional intra-entity sales were made with $25,520 in Intra-entity gross profits in inventory remaining at the end of the period.

Both Alpha and Delta utilized the partial equity method to account for their investment balances.

Following are the individual financial statements for the companies for 2018 with consolidated totals.

	Alpha Company				Delta Company				Omega Company				Consolidated Totals
Sales	$	(912,800	)		$	(619,170	)		$	(279,400	)		$	(1,579,370	)
Cost of goods sold		518,000				263,000				104,000				656,620
Operating expenses		338,000				156,000				98,500				616,550
Income of subsidiary		(203,200	)			(53,830	)			0				0
Separate company net income	$	(260,000	)		$	(254,000	)		$	(76,900	)
Consolidated net income													$	(306,200	)
Net income attributable to noncontrolling interest (Delta Company)														46,043
Net income attributable to noncontrolling interest (Omega Company)														19,185
Net income attributable to Alpha Company													$	(240,972	)
Retained earnings, 1/1/18	$	(685,000	)		$	(450,000	)		$	(115,500	)		$	(642,468	)
Net income (above)		(260,000	)			(254,000	)			(76,900	)			(240,972	)
Dividends declared		50,000				40,000				60,000				50,000
Retained earnings, 12/31/18	$	(895,000	)		$	(664,000	)		$	(132,400	)		$	(833,440	)
Cash and receivables	$	166,700			$	265,040			$	96,400			$	528,140
Inventory		307,000				492,500				212,000				985,980
Investment in Delta Company		804,800				0				0				0
Investment in Omega Company		0				271,460				0				0
Property, plant, and equipment		494,000				377,500				271,000				1,142,500
Copyrights		0				0				0				318,200
Total assets	$	1,772,500			$	1,406,500			$	579,400			$	2,974,820
Liabilities	$	(677,500	)		$	(622,500	)		$	(347,000	)		$	(1,647,000	)
Common stock		(200,000	)			(120,000	)			(100,000	)			(200,000	)
Retained earnings, 12/31/18		(895,000	)			(664,000	)			(132,400	)			(833,440	)
Noncontrolling interest in Delta Company, 12/31/18		0				0				0				(185,810	)
Noncontrolling interest in Omega Company, 12/31/18		0				0				0				(108,570	)
Total liabilities and equities	$	(1,772,500	)		$	(1,406,500	)		$	(579,400	)		$	(2,974,820	)

Develop the worksheet entries necessary to derive these reported balances: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)